FIRECASTLE: what changed
FIRECASTLE
Largest movements
- Tangible fixed assets -€11,353
down €11,353 (-20.5%), from €55,505 to €44,152
of which Plant, machinery and equipment: -€6,848
- Deferred charges and accrued income +€8,005
new in 2025: €8,005
- Receivables within one year -€4,970
down €4,970 (-31.6%), from €15,713 to €10,743
of which Trade receivables: -€4,387
- Stocks and contracts +€4,271
up €4,271 (+74.3%), from €5,746 to €10,017
- Cash +€3,303
up €3,303 (+200%), from €1,650 to €4,953
mainly Net result for the year (+€14,736) and Depreciation (+€13,265)
- Other debts -€22,498
no longer reported in 2025 (was €22,498)
- Profit (loss) carried forward +€14,736
up €14,736 (+355%), from €4,146 to €18,882
- Trade debts +€4,281
up €4,281 (+64.6%), from €6,629 to €10,909
- Tax, wage and social debts +€4,252
up €4,252 (+144%), from €2,944 to €7,196
- Accrued charges and deferred income -€1,515
down €1,515 (-83.6%), from €1,812 to €297
- Gross operating margin +€20,739
up €20,739 (+159%), from €13,025 to €33,763
- Taxes +€4,094
up €4,094 (+264%), from €1,554 to €5,647
- Depreciation +€4,005
up €4,005 (+43.2%), from €9,261 to €13,265
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €78,615 | €77,871 | -€744 | -0.9% |
| Fixed assets | 21/28 | €55,505 | €44,152 | -€11,353 | -20.5% |
| Tangible fixed assets | 22/27 | €55,505 | €44,152 | -€11,353 | -20.5% |
| Plant, machinery and equipment | 23 | €6,848 | - | -€6,848 | |
| Furniture and vehicles | 24 | €48,658 | €44,152 | -€4,505 | -9.3% |
| Current assets | 29/58 | €23,110 | €33,718 | +€10,609 | +45.9% |
| Stocks and contracts in progress | 3 | €5,746 | €10,017 | +€4,271 | +74.3% |
| Stocks | 30/36 | €5,746 | €10,017 | +€4,271 | +74.3% |
| Amounts receivable within one year | 40/41 | €15,713 | €10,743 | -€4,970 | -31.6% |
| Trade receivables | 40 | €12,926 | €8,538 | -€4,387 | -33.9% |
| Other amounts receivable | 41 | €2,788 | €2,205 | -€583 | -20.9% |
| Cash at bank and in hand | 54/58 | €1,650 | €4,953 | +€3,303 | +200% |
| Deferred charges and accrued income | 490/1 | - | €8,005 | +€8,005 | |
| Total equity and liabilities | 10/49 | €78,615 | €77,871 | -€744 | -0.9% |
| Equity | 10/15 | €44,732 | €59,468 | +€14,736 | +32.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,986 | €21,986 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,388 | €18,388 | = | 0.0% |
| Distributable reserves | 133 | €1,738 | €1,738 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,146 | €18,882 | +€14,736 | +355% |
| Amounts payable | 17/49 | €33,883 | €18,403 | -€15,480 | -45.7% |
| Amounts payable within one year | 42/48 | €32,071 | €18,106 | -€13,965 | -43.5% |
| Trade debts | 44 | €6,629 | €10,909 | +€4,281 | +64.6% |
| Suppliers | 440/4 | €6,629 | €10,909 | +€4,281 | +64.6% |
| Taxes, remuneration and social security | 45 | €2,944 | €7,196 | +€4,252 | +144% |
| Taxes | 450/3 | €2,944 | €7,196 | +€4,252 | +144% |
| Other amounts payable | 47/48 | €22,498 | - | -€22,498 | |
| Accrued charges and deferred income | 492/3 | €1,812 | €297 | -€1,515 | -83.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,261 | €13,265 | +€4,005 | +43.2% |
| Other operating charges | 640/8 | €1,026 | €1,002 | -€24 | -2.3% |
| Gross operating margin | 9900 | €13,025 | €33,763 | +€20,739 | +159% |
| Operating profit (loss) | 9901 | €2,738 | €19,496 | +€16,758 | +612% |
| Financial income | 75/76B | €1,217 | €935 | -€282 | -23.2% |
| Recurring financial income | 75 | €1,217 | €935 | -€282 | -23.2% |
| Financial charges | 65/66B | €45 | €48 | +€3 | +7.8% |
| Recurring financial charges | 65 | €45 | €48 | +€3 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €3,911 | €20,384 | +€16,473 | +421% |
| Income taxes | 67/77 | €1,554 | €5,647 | +€4,094 | +264% |
| Profit (loss) for the period | 9904 | €2,357 | €14,736 | +€12,379 | +525% |
| Profit (loss) for the period to be appropriated | 9905 | €2,357 | €14,736 | +€12,379 | +525% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.